Thursday, August 22, 2013

Crude Oil‏ (Oct 13) intraday: the downside prevails.

Pivot: 105.20

Our preference: SHORT positions below 105.2 with 103.1 & 101.8 in sight.

Alternative scenario: The upside penetration of 105.2 will call for a rebound towards 106.25 & 106.95.

Comment: as long as the resistance at 105.2 is not surpassed, the risk of the break below 103.1 remains high.

By at

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